Natuzzi SpA (ADR) (N:NTZ)
Business Focus: N/A
| Sector: Consumer Cyclicals | Industry: Home Furnishings |
| Company Contact | |
| Address: | Via Iazzitiello, 47 SANTERAMO IN COLLE 70029 |
| Tel: | 39-080-8820812 |
| Website: | https://www.natuzzi.com |
| IR: | See website |
| Key People | ||
| Pasquale Natuzzi Executive Chairman of the Board | Jason W. Camp Regional Manager North Americas | Antonio Achille Chief Executive Officer, Executive Director, Interim Chief Commercial Officer |
| Carlo Silvestri Chief Financial Officer | Domenico Ricchiuti Chief Operating Officer, Chief Product Development and Process Innovation | Mario De Gennaro Chief Human Resource Officer, Organization and Legal Officer |
| Pierangelo Colacicco Chief Technology and Digital Innovation Officer | Pasquale Junior Natuzzi Chief Brand Officer Natuzzi Italia, Chief Creative Officer, Executive Director | Cosimo Bardi Chief Brand Officer Natuzzi Editions, Divani and Divani by Natuzzi | Pirluigi Binetti Chief Internal Audit Officer |
| Business Overview |
| Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, armchairs, home furniture and home accessories. The Company operates in two segments: Natuzzi brand and Softaly/Private label. The Natuzzi brand segment includes sales from the Natuzzi Italia, Natuzzi Re-vive and Natuzzi Editions product lines. It offers a range of upholstered furniture for sale, manufactured in production facilities located in Italy and abroad (Romania, Brazil and China). Private label includes its unbranded and Softaly products, and is marketed in North America, Europe, Brazil and Asia-Pacific through a selected number of customers. Natuzzi's range of products includes a collection of sofas and armchairs with particular styles, coverings and functions, with over two million combinations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Natuzzi SpA (ADR) revenues decreased 30% to EUR328.6M. Net loss increased from EUR540K to EUR16.1M. Revenues reflect Sale of upholstery furniture segment decrease of 29% to EUR281.6M, Sale of home furnishing accessories segment decrease of 30% to EUR38.2M, China segment decrease of 56% to EUR26.2M, United States of America segment decrease of 27% to EUR87.3M. |
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